SMM5 March 28: yesterday, the outer disk metal market was all red, Lun Copper rose 3.37%, Lun Aluminum rose 3.02%, Lun lead rose 0.8%, Lun Zinc rose 2.77%, Lun Nickel rose 4.19%, Lunxi rose 1.58%, Lunxi Copper and other industrial metals prices rose sharply on Thursday, with the help of strong US economic data, there may be a strike at the Chilean copper mine. BHP Billiton said it would take emergency measures after the Eskondida (Escondida) and Spence copper unions in Chile called for a strike. Escondida is the largest copper mine in the world. Domestically, international copper is up 3.04%, Shanghai copper is up 3.05%, Shanghai aluminum is up 2.36%, Shanghai lead is up 1.11%, Shanghai zinc is up 2.1%, Shanghai nickel is up 3.98%, and Shanghai tin is up 4.97%.
The dollar index traded in a narrow range on Thursday, with the yen falling to its lowest since April in month-end rebalancing as Treasury yields rose, as yields on 10-year Treasuries rose as initial jobless claims and durable goods orders improved. The dollar index fell 0.08 per cent to 89.99; the latest US economic data released on Thursday showed that jobless claims fell more than expected last week and corporate equipment spending accelerated.
U. S. stocks closed mixed on Thursday, with Boeing leading the Dow. GDP and labour market data are strong. Biden plans to propose a $6 trillion infrastructure budget. Us Treasury Secretary Yellen called for more spending, stressing that the rise in inflation was temporary. By the close, the Dow was up 141.59 points, or 0.41%, at 34464.64; the Nasdaq was down 1.72 points, or 0.01%, at 13736.28; and the S & P 500 was up 4.89, or 0.12%, at 4200.88.
In crude oil, international oil prices rose 1% on Thursday, boosted by strong u.s. economic data, overshadowing investor concerns about a possible increase in Iranian supply. The prospect of Iranian supply re-entering the market has put pressure on oil prices. Since April, Iran and world powers have been negotiating Washington's lifting of sanctions on Iran in exchange for Iran's compliance with restrictions on its nuclear program, including the lifting of sanctions on its energy sector.
In precious metals, COMEX gold futures fell on Thursday, falling back after rising to a nearly five-month high earlier in the day to close below $1900, as a pullback in U.S. Treasury yields offset optimistic data that the U.S. economic recovery is still on track. Data released on Thursday showed that initial claims for unemployment benefits in the United States fell more than expected last week, and economic growth accelerated in the first quarter.
In terms of data, the annual profit rate of China's industrial enterprises above scale in April, with a previous value of 92.30%, is expected to announce 57%.
Zhu Hong, senior statistician of the Industry Department of the National Bureau of Statistics, interprets the profit data of industrial enterprises: since the beginning of this year, with the further consolidation of the achievements of overall epidemic prevention and control and economic and social development, market demand has continued to recover, and the production and operation of industrial enterprises have improved steadily, the total profits have continued to grow rapidly, and the quality and efficiency of enterprises have been continuously improved.
German Gfk consumer confidence index for June, previous value-8.8, expected-5.2, released-7, revised-8.6 (previous value).
Forexlive commented on Germany's Gfk consumer confidence index for June: the data was slightly lower than expected, as German consumer confidence improved less than expected in June. Despite the improved outlook, consumers look more cautious. Once all blockades are lifted, demand is likely to surge in the summer months.
The revised annualized quarterly rate of actual GDP in the United States in the first quarter, the previous value of 6.40%, is expected to be 6.50%, and 6.4% is announced.
The number of initial jobless claims in the United States in the week to May 22 (10,000), with a previous value of 44.4, expected to be 42.5, released 40.6, revised 47.8 (previous value).
Us April durable goods order monthly rate, previous value 0.80%, expected 0.7%, published-1.3%.
Agency reviews of initial jobless claims in the US in the week to May 22: the decline in initial jobless claims highlights a steady recovery in the job market as vaccination accelerates and remaining epidemic-related restrictions are relaxed. Hiring is expected to continue to increase in the coming months as more and more Americans travel and socialize.
Greg:, an analyst at Forexlive, expects the number of first-time jobless claims to fall sharply by the time novel coronavirus's unemployment assistance expires in September, as those who currently choose to receive government assistance instead of going to work will return to work.
Fxstreet reviews the monthly rate of US durable goods orders in April: us durable goods orders fell 1.3 per cent to $246.2 billion, or $3.2 billion, below market expectations of 0.7 per cent growth, while March's figures were revised to + 1.3 per cent from 0.5 per cent, according to data released by the US Census Bureau on Thursday. Excluding the transport industry, new orders increased by 1%, with little change in areas other than defence.
The monthly rate of signed sales index of existing homes in the United States in April, the previous value is 1.90%, the expected 0.8%, published-4.4%, revised 1.7% (previous value).
Institutional review of the signed sales index of existing homes in the United States in April: contracted sales of existing homes in the United States fell unexpectedly in April, the third decline in the past four months, reflecting the lack of affordable housing to continue to dampen the housing market. The exorbitant asking price reflects the limited supply of housing on the market, which makes real estate prices more unaffordable and suppresses sales.
